Banking Code shaken up to better protect customer

In response to recommendations from the Hayne Royal Commission’s final report, the Banking Code of Practice will be revamped to provide better protections for Australian banking customers.

Average weekly full-time salary rises 2.4% to $1,605

Following the release of the latest wage price index figures, the ABS has today revealed the average weekly earnings for full-time Australian adults in November 2018 was $1,604.90.

Annual wage growth remains at 2.3%

Australian wages grew 0.5% over the December quarter of 2018, keeping the country’s annual wage growth figure at 2.3%, according to figures released by the ABS today.

Another major city to trial a Universal Basic Income

The city of Stockton in California, USA is the latest city to trial a universal basic income, a scheme that provides periodic cash payments to people to assist with the cost of living.

Cost of living a key concern for Aussie millennials

A new report has revealed that for many Australian millennials, ‘the cost of living’ is considered to be the most important issue ahead of the upcoming federal election.

Aussie households continue to feel the squeeze

A combination of falling property prices, mortgage price pain, higher costs of living and falling incomes have pushed household financial confidence levels to new lows, according to research from Digital Finance Analytics (DFA).

Most households feeling better about finances: ME Bank report

Amid reports of falling property values and a volatile share market, the majority of Australian households are experiencing rising levels of financial comfort, according to new survey results from ME Bank.